- Osino (OSI) has received a 20-yr mining license and positive environmental permitting review for its Twin Hills Gold Project in Namibia
- Osino recently released a pre-feasibility study (PFS) for Twin Hills with an average annual gold production rate of 169 koz per annum
- Granting of the conditional mining license and progress with environmental authorization expedites the permitting timeline
- Osino is a Canadian gold exploration and development company focused on the Twin Hills Gold Project in central Namibia
- Osino (OSI) is trading at $0.59 per share
Osino (OSI) has received a 20-yr mining license and positive environmental permitting review.
The license and review pertain to its Twin Hills Gold Project in Namibia.
The company received the ‘Preparedness to Grant’ license from the Namibian Ministry of Mines and Energy (MME).
The positive Environmental & Social Impact Assessment (ESIA) and Environmental Management Plan (EMP) confirm no fatal project flaws.
Osino recently released a pre-feasibility study (PFS) for Twin Hills with an average annual gold production rate of 169 koz per annum.
The granting of the mining license confirms Twin Hills’s position as a rapidly advancing, partially permitted, top-tier project in a premier jurisdiction.
Heye Daun, CEO of Osino, stated:
“Receipt of the mining license is a major endorsement of the progress Osino has made with the advancement of the Twin Hills Gold Project and confirms the support of the Namibian government for the ongoing development of the project.”
“Twin Hills’s stature as one of Namibia’s most exciting mining development projects continues to grow and we are very appreciative of the partnership shown by all Namibian permitting authorities throughout this process.”
The mining license is subject to fulfilment of a number of customary conditions, including adherence to an agreed work program, conclusion of environmental authorization, implementation of a 5% carried interest for local shareholders, and the submission of a strategy for adherence to the Namibian government’s poverty alleviation and socio-economic upliftment strategy.
The review and issuance of the Environmental Clearance Certificate is in its final stages. One of the outstanding aspects is the conclusion of an appropriate engagement, documentation, and management process for the relocation of historic graves at the Twin Hills project site.
Osino is currently preparing to submit a final report to Namibia’s National Heritage Council (NHC), including recently completed stakeholder engagements and mitigation measures.
Osino’s project team is also engaging with relevant Namibian line ministries for necessary secondary licenses. The company needs to obtain these licenses before entering the construction and operating phase.
Osino is a Canadian gold exploration and development company focused on the Twin Hills Gold Project in central Namibia.
Osino (OSI) is up today trading at $0.59 per share as of 2:39 pm ET.
